PaceMetrics, a global provider of process-driven enterprise data management solutions and business process management (BPM) provider Nimbus, today announced a partnership that offers financial institutions the combined benefits of their complementary products and expertise.
Their alliance couples the process clarity delivered by Nimbus Control, with the real time delivery of transactional information by PaceMaker, to offer increased visibility and control of critical business operations such as trade settlement, payments processing and regulatory reporting.
PaceMetrics' Pacemaker application provides financial institutions with the monitoring tools and operational dashboards necessary to accomplish global process consistency, better compliance and transparency. Nimbus Control is an enterprise business process improvement solution that captures, manages and deploys operational processes to mobilise the entire workforce in business process excellence, efficiency and compliance. In combination, PaceMetrics and Nimbus offer clients a complete solution for defining, monitoring and optimising their operational processes to address important business issues, such as increasing trade volumes, declining margins, operational cost pressures, regulatory demands for process transparency and diverse client demands.
Gerry Giblin, CEO of PaceMetrics, commented: "Our products complement each other, with a combination of both companies' core competencies and strengths. PaceMetrics offers financial institutions operational transparency and efficiency while reducing costs, optimising resource allocation, improved customer service and achieving and retaining regulatory compliance."
Antony Bream, SVP, Global Head of Financial Services, Nimbus, commented: "We are excited about this partnership with PaceMetrics and have been working closely on this offering, which extends the reach of Nimbus Control to a wider audience. By integrating metrics and dashboards from PaceMaker into Nimbus Control we provide our clients a combined view of how the business operates from a business process perspective, together with real-time transaction and operational data accessible from this contextual view. The combination provides our Financial Servicce industry clients a complete capability for addressing continuous improvement of process, performance and compliance."